With prices for fuel imports showing a notable decrease, the Labor Department released a report on Thursday showing a pullback by import prices in the month of March.

The Labor Department said import prices fell by 0.5 percent in March following a revised 0.6 percent increase in February. The decrease in prices matched economist estimates.

The report also showed that export prices dropped by 0.4 percent in March after rising by a revised 0.7 percent in the previous month. Economists had expected export prices to edge up by 0.1 percent.